Chapter 316 Return
Since the stock market crash, stock limit downs are no longer a rare occurrence. If you really want to build a position, it is relatively easy. Just buy at the limit down.
The stocks that Gu Junhao needed to build positions in hit the daily limit every day in the first few days of July. In addition, the trading volume remained high for the most part, making it very convenient for traders to operate.
It can be said that the A-share environment has been extremely depressing since June 19th. After the daily opening, most stocks went straight to the limit down, and there was no good opportunity to cut losses.
Most investors who have no experience in stock trading will think about covering their positions when they are just trapped. Later, if they have money, they will add to their positions every time the stock price drops. When the funds are used up, they are officially trapped.
At this time, most people have already laid down, and those who have not laid down will sell their shares at a loss on the day the stock price reaches this level. This is a reflection of the real investment experience of most retail investors.
It is better if the shares you hold do not have any financing. For accounts with financing, you live in fear every day, not knowing when your position will be liquidated.
Even last weekend starting on July 4, when the government introduced various plans and called on major institutions to rescue the market on a large scale, there were still countless stocks that hit the daily limit in both markets on July 6 and July 7.
On July 7, major shareholders and senior executives of several listed companies announced an increase in holdings and promised not to reduce their holdings, and took measures such as delaying the lock-up period to protect the market. A certain team frantically pulled up the two oil giants and the banking sector, but still to no significant effect.
A total of more than 1,500 stocks in the two markets hit the daily limit, and almost all stocks in the ChiNext hit the daily limit. Market sentiment was low, and individual stocks chose to suspend trading to escape.
On July 8, the Shanghai and Shenzhen stock indices opened low and fluctuated. The Shanghai Composite Index narrowly held the 3,500 point level. By the close, the Shanghai Composite Index closed at 3,507.19 points, with a daily decline of 5.9%. The ChiNext Index closed at 2,364.05 points, up 0.51%.
In terms of individual stocks, including Junshi Capital's proprietary trading, funds and personal accounts have basically completed the task of building positions. The three major asset sectors currently mainly include Longji Shares in personal accounts. Gu Junhao spent 150 million yuan to build a position of 150,000 shares of Longji Shares.
Junshi Capital's proprietary account, which was operating for the first time, established a position of 300,000 lots of Tianqi Liye, with a total investment of 106 million yuan.
These two accounts are focused on the future, operated in the long term, and have no performance pressure, so Gu Junhao does not care much about the cost of building positions.
As the two leading companies in the new energy industry chain, their stock prices are now very cheap.
As for another leading stock in the photovoltaic field that Gu Junhao had invested in in his previous life, its current share price is still relatively high and is not very suitable for Junshi No. 2 Fund to build a position. Considering performance requirements, Gu Junhao temporarily gave up.
Junshi No. 2 has also currently established positions in five stocks, including two liquors, Maotai Liquor and Wuliangye, with positions of 10,000 and 100,000 lots respectively, at a cost of 230 million yuan and 227 million yuan respectively .
There is also the leader in the real estate industry, Vanke A, which built a position of 150,000 lots at a cost of around 14 yuan, with a total investment of 210 million yuan. Buying this stock is nothing more than barbarian logic, and Gu Junhao wants to take the opportunity to make a certain profit from it.
The other two stocks are Tong Huashun and a hot stock that has not yet been launched, Home Depot. Compared with Dongfang Fortune, Tong Huashun is more active and does not have the worry of frequent suspension of trading like Dongfang Fortune, making it suitable for short-term operations.
Tong Huashun also bought more than 200 million yuan, totaling 40,000 lots, with a position building cost of 57.92 yuan. As for Home Depot, it was to protect the performance of the fund. Gu Junhao also did not want to miss out on the upcoming monster stock.
After the end of today's trading, Home De Lisboa shares still remained at the limit price, with the share price at 10.98 yuan. Since July 6, Home De Lisboa shares have had three consecutive limit downs. Except for the large-volume limit down on the 6th, the rest were all limit downs.
The stock price fell to the limit down and the trading volume was very small. Currently, this was the only stock that had not yet completed the position building. However, Gu Junhao planned to invest 100 million yuan in this stock. It would be best to buy it cheaply, even if it took a few more trading days.
After Home De Lisboa Holdings completes its position building, Gu Junhao's total position building in this round will reach 1.25 billion yuan, which is considered a good completion of the task completed by the local regulatory authorities.
There is only a total of 3.5 billion yuan of operating space, and being able to invest one-third of the funds to build positions is already nothing to say.
Due to the liquidation of Junshi No. 1, Gu Junhao also reallocated the five traders. Wu Peng is bold and careful, and has the advantages of Xu Jianqing and Wang Ruoyu. Because of his extensive trading experience, he is the most suitable person to operate Home Depot.
The market cap of Home De Lisboa is relatively small, and it requires very good skills to avoid attracting the attention of major institutions when building a position. Wu Peng's experience is enough to accomplish this, but even if it attracts the attention of major institutions, Gu Junhao no longer cares.
At worst, you can participate in pushing up the price yourself. On the premise of investing 100 million yuan, even if you fail, you can still bear the loss.
There are various reasons why Home De Lis Holdings became a monster stock. After the stock market crash, the stock market entered a technical bear market, and monster stocks are often prevalent in bear markets. Home De Lis Holdings, which has the concept of local state-owned asset reform, did not have much growth momentum in this round of big rise in 2015, and the highest increase was only three times.
From the beginning of the stock market crash to July 8, its stock price has approached the lowest point before the start of this round. Business transformation and local state-owned asset reform concepts are enough to trigger speculation by hot money.
Cao Wenxun, who was also busy, was responsible for operating another short-term stock, Tong Huashun. The moment he was assigned to Tong Huashun, Cao Wenxun felt unspeakable in his heart. He did not expect that the stocks he had secretly bought before would now return to his hands.
Liu Tingting was responsible for operating Vanke A. This stock did not fluctuate much before the insurance funds raised their stakes, which was very suitable for Liu Tingting's stable personality. Wang Ruoyu and Xu Jianqing were responsible for operating Maotai Liquor and Wuliangye.
As for the proprietary trading, it is currently managed by Gu Junhao personally. When Gu Junhao is away, Wang Ruoyu and Xu Jianqing are responsible for operating and monitoring the market.
It is impossible for all the money on the proprietary trading platform to be used for A-share trading. Some investments in the primary market will also be made, even including categories other than stocks, such as bonds, Hong Kong stocks and even US stocks.
In the next few years, the A-share environment is not very good, and overseas trading is another direction of Junshi Capital, so the newly established proprietary trading direction still needs to be controlled by Gu Junhao personally.
After everything was ready, Gu Junhao was quite satisfied with the current configuration. Junshi's proprietary trading and personal accounts focused on the future, and the fund accounts, while participating in the market rescue and allocating stable large-cap stocks, also had short-term speculation concepts.
This not only provides a certain explanation to the higher-ups , but also guarantees the performance of the fund.
After the market closed, Gu Junhao rarely updated his personal social media account. The last time he updated his status was around New Year's Day 2015 when he responded to a letter from regulators to investors.
"I'm back, the honeymoon is over, let's focus on the future!"
The dynamic is quite simple. In addition to the background photo of him and Zhang Yiru holding hands, there is also the gate logo of Junshi Capital, coupled with such a sentence. It can be said to be simple and clear, but the information that needs to be conveyed has been fully delivered.
During the same period, Li Xinyu also used Junshi Capital's official account to repost Gu Junhao's updates. Suddenly, Gu Junhao's personal account, whose number of fans has skyrocketed recently, was flooded with messages.
"Fuck! Brother T is back? Is the stock market saved?"
"I finally waited for it. Fortunately, I didn't cut any meat."
"Is Brother T back here to buy at the bottom? You can enter the market tomorrow, haha."
"What does it mean to focus on the future? Is Brother T sending a buy signal?"
"To be honest, although we can't see their faces, both Brother T and his wife have pretty good figures."
"It seems that the LSP above is still losing money. How can they still care about this?"
"I'm sorry, brother T's die-hard fans, I've already cleared my position, no loss, but you leeks don't have to be afraid, I'll come to rescue you tomorrow."
As time went by, in the evening, Gu Junhao's updates became more and more popular, and even some financial media reposted Gu Junhao's updates, especially the local media in Beicang and Ningbo.
Nowadays, Gu Junhao is extremely famous in the local financial circle of Beicang. People used to jokingly call him the Little Stock God, but now the word "Little God" has been removed.
As Gu Junhao's supervisory department, local leaders are very happy to see this level of enthusiasm, and are also very satisfied with the operations of a series of accounts of the Junshi Group.
"This young man is quite capable. He invested one-third of the funds. Not bad." He joined as soon as he said so, unlike some people who pretended to obey but actually disobeyed.
On the evening of July 8, the central bank once again stated that it will continue to support the securities fund through various channels to maintain the stability of the stock market and to maintain the bottom line of preventing systemic and regional financial risks.
The statement emphasized that in order to support the stable development of the stock market, the central bank actively assisted the Securities Investment Fund to obtain sufficient liquidity through repo, issuance of financial bonds, mortgage financing and borrowing re-loans.
The China Securities Regulatory Commission also issued another announcement in the evening, stating that from now on, within six months, all controlling shareholders of listed companies, shareholders holding more than 5% of the shares, and directors, supervisors and senior management personnel are not allowed to reduce their holdings of the company's shares through the secondary market in any way or for any reason.
The announcement clearly states that if the above-mentioned persons reduce their holdings of the company's shares in violation of the above regulations, the CSRC will take serious action. The wording is quite tough.
With the continuous tough rescue actions and the oversold A-shares, people's hearts are in urgent need of stability. Any behavior that hits the market will not be tolerated. Late at night, news came that a certain ministry, led by a deputy minister, had moved in and joined hands with the China Securities Regulatory Commission to investigate clues of recent malicious short selling of stocks and stock indices.
Late at night, countless executives of listed companies were woken up by phone calls, and overnight more than 300 listed companies announced that they would join the army of increasing holdings.
